On the last day of 2022, the gold rates closed with a minor loss of Rs200/tola, alleviating from all time high Rs184,100/tola recorded a day before.
After the minor loss, the gold market closed at Rs183,900/tola. While a decrease of Rs171/10grams the rates closed at Rs157,665.
From Rs126,000/tola on last year same day, the safe asset raised Rs57,900 or 45.95% during the 2022.
Investors gushed their money into the golf in order to see their positions during the 2022 amid the economic crisis which was led to political turbulence uplifted the metal’s appeal.
Gold is the safeguard against economic crisis which get to a multi decade highest during the year. While, the nation invested in the gold on order to avoid the decrease in the rupee.
